Macquarie’s double upgrade has sparked some interest in Paytm stock. Should you buy?

Macquarie’s double upgrade has sparked some interest in Paytm stock. Should you buy?


Paytm payment method is available at a shop in Kolkata

Synopsis

With Paytm’s biggest critic, Macquarie analyst Suresh Ganapathy, turning bullish on the stock, the counter has seen some activity. However, conservative investors are likely to maintain a cautious approach until clarity emerges on various issues surrounding the company.

Smart people change their minds with changing data. A nimble mind can be a great asset for long-term success in the stock market. And Macquarie Capital Securities analyst Suresh Ganapathy seems to know its importance. Ganapathy, one of the biggest critics of Paytm, has had a change of heart. Last week, he double upgraded the digital payment giant’s parent company, One97 Communications, to “outperform”. Ganapathy’s first research report on the

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Author: Shirley